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Search Results 0 to 3 of about 4 (some duplicates have been removed)
CNBC
Aug 11, 2009 6:00pm EDT
't have one. senate majority leader harry reid's annual clean energy summit in las vegas took place. natural gas getting a lot more attention out there. even al gore seemed to acknowledge the inconvenient truth that we're going to need to embrace a fuel that's just less dirty before we can get clean. my take, let's hope what happens in vegas doesn't stay in vegas for a change. there may even be the political support to get nat gas through congress, oh, wow, among other things the bill that's on the table would require an extension of the existing credits for natural gas as a transportation fuel. it would provide a tax credit for the purchase of a nat gas vehicle, require half the vehicle for federal government purchases over the next couple years to be natural gas fueled. legislation would be used for clean energy fuels, largest chain of natural gas filling stations in the country. not to mention all the natural gas companies. if this gets past they're all going to be good. the big question i have is when the political winds change for the future are the democrats finally willing to
CNBC
Aug 20, 2009 6:00pm EDT
. and the stocks were right. harry reid's summit turned into basically a natural gas love-fest. now i'm starting to see similar action with nuclear. shaw group, the infrastructure company that's been my favorite nuclear play, because building nuclear plants is a big part of its business, it makes up 61%. has been moving higher. even though its most recent quarter was disappointing. shaw group reported a 3% earnings miss and it lowered its earnings forecast on july 9th. but guess what. the stock is up 25% since then. what does that tell you? why? see, i think the market may be pricing in better prospects for the nuclear industry. obama was willing to compromise. he added nuclear to the dubious climate change bill that the house of representatives passed and his energy secretary has said he's committed to starting the construction of new nuclear plants. something we haven't seen in this country in a generation. in addition to supporting a program to help financial new nukes. right now, shaw group has three nuclear projects, all awarded before obama was sworn in. it's possible the company could win
Search Results 0 to 3 of about 4 (some duplicates have been removed)